Quote from: jstefanop on Today at 07:05:15 PM

Quote from: laineux on January 04, 2021, 09:24:29 AM

I don't understand this so popular reasoning

When ETH was about 100$ (2018 to begining 2020), the ROI with coin holding was much better (about 5 times from now)
All of you who stop mining when coins are low loosed lot of money.

This is the basic logic that most people dont understand. The mining seasons is NOT now, it was two years ago at minimum diff when you could have mined way more ETH/LTC/BTC than you can now with overpriced hardware.

Mining is not about USD "profits" its about how much crypto you can mine and hold. Anyone who mined and held two years ago is 100x better than someone who starts mining now because of "crazy USD profits".

Assuming the person can grab hardware at a reasonable rate, it is never a bad idea to start mining if the kwh is low